Arbeitspapier
Cooperation, competition, and welfare in a matching market
We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it creates stronger incentives for defection. We point out, however, that a reduction in matching frictions also increases welfare because more agents find themselves in a cooperative relationship. We characterize the conditions for which increasing competition increases overall welfare. In particular, this is always the case when the incentives for defection are high.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Paper ; No. 2022/6
- Klassifikation
-
Wirtschaft
Noncooperative Games
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
Bargaining Theory; Matching Theory
- Thema
-
Cooperation
Prisoner's Dilemma
Competition
Welfare
Matching
Trust Building
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bester, Helmut
Sákovics, József
- Ereignis
-
Veröffentlichung
- (wer)
-
Freie Universität Berlin, School of Business & Economics
- (wo)
-
Berlin
- (wann)
-
2022
- DOI
-
doi:10.17169/refubium-35308
- Handle
- URN
-
urn:nbn:de:kobv:188-refubium-35594-1
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Bester, Helmut
- Sákovics, József
- Freie Universität Berlin, School of Business & Economics
Entstanden
- 2022
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